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IRPC PCL
SET:IRPC

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IRPC PCL
SET:IRPC
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Price: 1.77 THB 19.59% Market Closed
Market Cap: ฿36.2B

EV/EBITDA

10.3
Current
4%
Cheaper
vs 3-y median of 10.8

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.3
=
Enterprise Value
฿54B
/
EBITDA
฿6.4B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.3
=
Enterprise Value
฿54B
/
EBITDA
฿6.4B

Valuation Scenarios

IRPC PCL is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (10.8), the stock would be worth ฿1.84 (4% upside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-56%
Maximum Upside
+4%
Average Downside
22%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 10.3 ฿1.77
0%
3-Year Average 10.8 ฿1.84
+4%
5-Year Average 8.4 ฿1.44
-19%
Industry Average 4.6 ฿0.79
-56%
Country Average 8.6 ฿1.47
-17%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
฿54B
/
Jan 2026
฿6.4B
=
10.3
Current
฿54B
/
Dec 2026
฿9.3B
=
5.8
Forward
฿54B
/
Dec 2027
฿11.1B
=
4.9
Forward
฿54B
/
Dec 2028
฿12B
=
4.5
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
TH
IRPC PCL
SET:IRPC
36.1B THB 10.3 -10.1
JP
Fuji Oil Co Ltd
F:ACK
77.2T EUR -5 092 092.2 -1 805 607.9
IN
Reliance Industries Ltd
NSE:RELIANCE
19.2T INR 11 23.3
US
Valero Energy Corp
NYSE:VLO
71.7B USD 10.1 30.7
US
Phillips 66
NYSE:PSX
70.4B USD 11.6 16.1
US
Marathon Petroleum Corp
NYSE:MPC
68.6B USD 8.3 17
PL
Orlen SA
PSE:PKN
889.3B CZK 4 13.8
PL
Polski Koncern Naftowy Orlen SA
WSE:PKN
153.4B PLN 4 13.9
FI
Neste Oyj
OMXH:NESTE
22.7B EUR 18.3 157.4
JP
ENEOS Holdings Inc
TSE:5020
3.7T JPY 11.7 19.9
IN
Indian Oil Corporation Ltd
NSE:IOC
2T INR 3.6 5.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
TH
I
IRPC PCL
SET:IRPC
Average EV/EBITDA: 9.3
10.3
23%
0.4
JP
Fuji Oil Co Ltd
F:ACK
Negative Multiple: -5 092 092.2
72%
N/A
IN
Reliance Industries Ltd
NSE:RELIANCE
11
12%
0.9
US
Valero Energy Corp
NYSE:VLO
10.1
6%
1.7
US
Phillips 66
NYSE:PSX
11.6
10%
1.2
US
Marathon Petroleum Corp
NYSE:MPC
8.3
3%
2.8
PL
O
Orlen SA
PSE:PKN
4
-2%
N/A
PL
Polski Koncern Naftowy Orlen SA
WSE:PKN
4
-2%
N/A
FI
Neste Oyj
OMXH:NESTE
18.3
25%
0.7
JP
ENEOS Holdings Inc
TSE:5020
11.7
11%
1.1
IN
Indian Oil Corporation Ltd
NSE:IOC
3.6
17%
0.2
P/E Multiple
Earnings Growth PEG
TH
I
IRPC PCL
SET:IRPC
Average P/E: 33.1
Negative Multiple: -10.1
N/A N/A
JP
Fuji Oil Co Ltd
F:ACK
Negative Multiple: -1 805 607.9 N/A N/A
IN
Reliance Industries Ltd
NSE:RELIANCE
23.3
14%
1.7
US
Valero Energy Corp
NYSE:VLO
30.7
27%
1.1
US
Phillips 66
NYSE:PSX
16.1
5%
3.2
US
Marathon Petroleum Corp
NYSE:MPC
17
6%
2.8
PL
O
Orlen SA
PSE:PKN
13.8
5%
2.8
PL
Polski Koncern Naftowy Orlen SA
WSE:PKN
13.9
5%
2.8
FI
Neste Oyj
OMXH:NESTE
157.4
109%
1.4
JP
ENEOS Holdings Inc
TSE:5020
19.9
17%
1.2
IN
Indian Oil Corporation Ltd
NSE:IOC
5.5
29%
0.2

Market Distribution

In line with most companies in Thailand
Percentile
65th
Based on 406 companies
65th percentile
10.3
Low
0.2 — 6.6
Typical Range
6.6 — 11.4
High
11.4 —
Distribution Statistics
Thailand
Min 0.2
30th Percentile 6.6
Median 8.6
70th Percentile 11.4
Max 3 584.8

IRPC PCL
Glance View

Market Cap
36.2B THB
Industry
Energy

IRPC Public Co., Ltd. engages in the production of petrochemical and petroleum products. The company is headquartered in Bangkok, Bangkok Metropolis and currently employs 5,232 full-time employees. The firm operates three business segments: petrochemical products segment, which consists of olefins, aromatics used in the production of plastic resins; petroleum products segment, which includes refinery oil, lubricant oil and asphalt, and other business segment, which is the operation of power plants, jetties and other utilities. The firm also offers port and tank farm services, which are the provision of facilities and dock services for domestic and international cargoes, as well as asset management services, which are the provision of empty plots of land under the RECO brand in Rayong and other provinces.

IRPC Intrinsic Value
5.59 THB
Undervaluation 68%
Intrinsic Value
Price
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